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Air Canada: lower than expected quarterly profit

The grounding of the B-737 Max planes among the causes

Today, Air Canada recorded a lower profit than expected in the third quarter, damaged by the lower flight capacity following the global grounding of Boeing B-737 Max aircraft due to fatal accidents that occurred in Indonesia and Ethiopia. Today's date coincides with the anniversary of the disaster that occurred in Jakarta (see AVIONEWS). The Canadian carrier in July had told investors that the stop of the 24 Boeing planes in its fleet would have weighed on profits, with a capacity that should decrease by 2% during the Summer travel season.

It is the reference airline of the homonymous country whose head office is located in Montréal in Québec. Founded in 1965 by the previous Trans-Canada Air Lines, provides scheduled and charter air transport services for passengers and goods in 178 destinations around the world. Its largest hub is Toronto-Pearson International Airport, Ontario.

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